Should end somewhere between 1.6300 and 1.6340

Cable Update (GBPUSD)

Don't look for shorts till Monday. Let the sharks eat up all the little minnows that are swimming South first. By Monday there will be new minnows swimming north and the sharks will start swimming south. If you and I as minnows are to survive, we ...

Cable Update (GBPUSD)

There is bickering in most threads and the master of them all is the EU thread... so you should be quite used to it.

Cable Update (GBPUSD)

In the interest of not repeating myself, here is my view. Yes I am bearish, but that doesn't mean I am short and/or underwater. There is a difference. Picking tops and bottoms is not an easy task, so full respect goes out to all who are working ...

Cable Update (GBPUSD)

At this point, before we can see 1.15, we will need Fed tapering and ECB negative interest rates. Then maybe we see 1.15 next year... or even lower. Otherwise 1.2500 is max max downside, and even that may be a stretch because if ECB only does LTRO ...

The Club!

HaHa This is funny. I have been calling for this since last year. Now I believe it when I see it.

The Club!

Good morning Jarhead. I am compelled to share the same view. However, regardless of the political pros and cons of a taper, I believe it will be a good signal to both Wall street and Main street that the economy is doing well. Some action behind the ...

EurAnalysis

Exactly. It could go either way. There will always be differing views and sentiments. That is what makes a market. If everyone wanted to sell, would would buy what they were selling? and vice versa. image

Cable Update (GBPUSD)

At best that would be a wild guess. There are many arguments for and against, but at the end of the day, we first have to see how the data stacks up before the December FOMC meeting. So far it's not really that good, but it is mostly data from the ...

EurAnalysis

Yeah that's pretty much it, but Jerry Robinson is not exactly objective on the subject of the US Dollar. His entire livelihood is based on peddling Anti-USD literature. I think Wikipedia would probably be a more objective source of information on ...

EurAnalysis

I am currently bearish, and I certainly have not fallen silent My view is that the GDP is already priced in and only a better GDP estimate than the prelim in October (0.8%) will have a chance of making this pair go nuclear on the bullish side. My ...

Cable Update (GBPUSD)

ending diagonal triangle = edt

Elliott Wave Trading

Euro above 3578 extends the wave 2 green correction with another abc flat or zigzag, or even a 33333 (abcde) triangle. Only a breach of 1.3830 invalidates the count.

Elliott Wave Trading

Nice count

Elliott Wave Trading

4 and 5 in blue are the lesser degree counts of the end of the higher degree impulse wave 1 green from 1.38x a b and c in blue are the lesser degree parts of the higher degree wave 2 green a b and c in red are the lesser lesser degree of the blue b ...

Elliott Wave Trading

I didn't say it. I implied it. Data is good until it isn't... or until it is priced in.... or over priced. Then markets adjust / take profits, etc. If you're looking for a super rally tomorrow, then GDP has to beat what is already priced in... and I ...

Cable Update (GBPUSD)

You really like reading your own stuff, don't you?

Cable Update (GBPUSD)

That all depends which way you look at it. If it's a stop hunt to clean out the crowded short side, then it's a very good thing. However, if it's a breakout of a bull flag, then hello 1.66x by end of year. It's hard to imagine, but then a 1.38 Euro ...

Cable Update (GBPUSD)